Under such circumstances, Honda and Yamaha arrived at a common understanding that cooperation is necessary to address these challenges for the future and based on this understanding, the two companies will strive to realize collaboration in the Japanese market in the Class-1 category.

Shinji Aoyama, Operating Officer and Director, Honda Motor Co., Ltd., said, "Through this collaboration with Yamaha, we will continue to offer Class-1 category products that go beyond the expectations of our customers. With that, we will devote all of our efforts to revitalize the motorcycle market in Japan and establish a market environment that enables the popularization of electric motorcycles at the earliest possible timing."

Katsuaki Watanabe, Managing Executive Officer and Director, Yamaha Motor Co., Ltd. said, "We believe that our collaborative activities, which will start with an OEM alliance, will go beyond the framework of a mere product supply alliance and carve out a future motorcycle culture in Japan."

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